One of the most important rules in Forex trading, is that you have to keep minimizing losses as much as possible. With smaller, even if more regular losses, you will be able to hold out longer and weather periods when the market is moving against you, giving you edge when the trend reverses. There are many techniques out there that teach about minimizing losses, but the only one that is although simple, really and practically proven, is setting up a maximum loss that you are willing to take, before entering a new trade.
Tag Archives: safe trading
The worldwide web in general is often a safe harbor for the existence, development and reproduction of different parasitical and harmful creatures, called scammers. The Forex market, as a part of this enormous society is also a common victim of different Forex scams, some of which are more simple and individual while others are perpetrated by whole well organized societies.